In the Report “Visible Light Communications (VLC) Market: By Components (Access Points,Station Points); By Applications (Underwater Communication, Indoor,Outdoor); By End-User Industry (Transportation, Retail, Commercial,Hospitals & Others) & By Geography - (2017-2022)”, published by IndustryARC, the market is driven by customers adoption of smart LED combined with VLC technology, thus providing an alternative communication technology market to grow extensively.
Browse 63 Market Tables, 177 Figures spread through 151 slides and an in-depth TOC on “Visible Light Communications Market (2018 - 2023)”
Europe market dominates with major share and growth in the Visible Light Communication Market
Europe remained the significant market for VLC developments in 2017. The visible light communications market for Europe will dominate at a growing CAGR of 119.49% to reach value of $545.41 million by 2023. Americas region for visible light communications market is estimated to have a rapid growth rate of CAGR 142% to reach a value of $261.11 million by 2023 from $1.3 million in 2017. U.S. is the early adopter of the VLC technology in the Americas region and has been improving the technology penetration across all the industry. Asia-Pacific will face lower adoption of vision light communication products as low awareness regarding the benefits of these products will hinder the penetration. The APAC market is expected to grow at a CAGR of 130.45% to reach a value of $104.84 million by 2023.
Selected Component Analysis done in the full Report:
Visible light communications technology is categorized into two components that include Access Points and Stations Points. Access points segment is the dominating segment for visible light communication market. The Access point market is expected to grow at a CAGR of 116.7% to reach value of $508.78 million by 2023. Light source such as fluorescent light, LED, light spectrum and others are used for illumination and transmitting photonic signals simultaneously. In Access Station market, the retail segment is the leading segment to gain highest revenue in the market. Station point segment is the fastest growing segment, increasing at CAGR of 144.08% to reach value of $401.74 million by 2023. In station point market, commercial segment is the leading vertical and is expected to continue its dominance for the forecast period of 2018-2023.
To access / purchase the full report browse the link below
Excerpts on Market Growth Factors
Improvement in performance of efficient and durable LED light base for industrial and domestic applications for indoor and outdoor use coupled with advancement in technology created scope for development of VLC systems.
Strong increasing demand in indoor positioning and monitoring systems in end use sector, and personalised services, high bandwidth requirements will help the market to grow further.
Rapid adoption of communication technology and exponential increase in the number of internet users is projected to drive the market in next few years.
Talk to one of our sales representative about the full report by providing your details in the link below:
Key players of the Visible Light Communication Market
OLEDCOMM S.A.S, PureLiFi, Firefly Wireless Networks, and Axrtek are the dominant players in the visible light communication market. OLEDCOMM S.A.S. such lists of products its offering SINCEEEE are GEOLiFi and LiFiNET used in applications like Museums and Art Gallery, Retails, Hospitals, Offices and Smartcities. PureLiFi Ltd. has product like LiFi – X and Li-Flame. The product are used for Mobile Connectivity, Smart Lighting, Hazardous Environments, RF light Spectrum Relief, Vehicles and Transportation and Location based Services. Firefly Wireless Networks comprises products as Office SecureLink, M2M SecureLink, Transit SecureLink, Vehicle SecureLink used for Secure Network Access, Factories, Consumer electronics, Hospitals, Vehicles, Train stations, Underwater Applications, nuclear and public utilities and others.
Browse Related Reports:
- Long Term Evolution (LTE) Market: By Component (Network Equipment, Infrastructure, RAN, eNodes, EPC, Chipset); By Technology (FDD, TDD); By Application (VO-LTE, Video on demand); by Geography - Forecast (2018-2023)
- Li-Fi Market: By Devices (LED Bulbs, LumiLamp, LumiStick, LumiNex, Wireless Devices) By Application (Intrinsically safe Environment, Smart Lighting, Mobile Connectivity, Vehicle & Traffic Management, Solar Panel, Seminars/ Lecture Halls in education System, Street Lamps, Disaster Management, Others) By Components ( LEDs, Image sensors, Opto-Couplers, Photodiodes, Microcontrollers) By End User industries ( Petroleum & chemical Industries, Transportation, Healthcare, Nuclear Power Plants, Aviation, Defense & Security, Others), By Geography - Forecast (2018-2023)
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.
Mr. Venkateshwar Reddy
Business Development Manager
Email: [email protected]
Contact Sales: 1-614-588-8538 (Ext-101)
Connect with us on LinkedIn - https://www.linkedin.com/company/industryarc